QuickBooks™ Payroll Options

A Faster Way to Pay Your Employees from QuickBooks™ Payroll

24-hr Direct Deposit:

Details:

QuickBooks™ Payroll has recently launched an innovation to solve the pain point at the core of a small business – getting employees paid. With the latest feature, 24-hour Direct Deposit, it allows small business customers to approve your direct deposit by 5 PM PT and still make payday the next business day. Just enter each employee’s details as you normally would, whether it be an hourly or salary worker. The confirmation screen will display when the funds will be withdrawn from the employer’s bank account and deposited into the employee’s bank account.

Benefits:

Faster time to pay your employees

Free to use

Hold on to your cash longer

Flexibility to run payroll when it’s convenient for you

Available for all QuickBooks™ Payroll customers (QuickBooks™ Online Payroll and QuickBooks™ Full Service Payroll

Approved copy bullets (for email/chats):

Direct deposit is free for you and your employees

Submit payroll up to 5 PM (PT) the day before payday

Take more time to run payroll and hold onto your cash longer

Same Day Direct Deposit:

Details:

The latest offering from QuickBooks™ Payroll speeds up the time to pay employees even more! Same Day Direct Deposit allows small business customers to approve their direct deposit by 7 AM PT and run payroll the same day.

Benefits:

Fastest time to pay your employees

Free to use

Available for QuickBooks™ Full Service Payroll users only

Approved copy bullets (for email/chats):

Pay your employees faster with free same day direct deposit

Submit payroll up to 7 AM (PT) the day of payday

No additional charge for same day service

Comparison of Free Direct Deposit submission deadlines across different solutions:

*Xero=12PM PT, Gusto=4PM PT, Square=8PM PT. **Exact time depends on the employee’s receiving bank and can vary. Estimates in this table assume a range of Friday 12am to 11:59pm

Intuit: Professional payroll for over 1 million businesses

Options include:

Basic Payroll

You get standard payroll tax tables downloaded to QuickBooks. You create, file and pay payroll taxes on your own or with the help of your accountant.

Features:

Instant paychecks

Free direct deposit

Automatic tax calculations

No tax forms included—create reports and work with your accountant on tax filings

Free live support from payroll experts

Does not require, but integrates with QuickBooks

Run payroll from your iPad, iPhone or Android phone

Cost:

Billed Monthly: $20/month + $2 per employee

Billed Annually: $17/month + $2 per employee

Enhanced Payroll

Complete your entire payroll in just a few clicks. Create paychecks in QuickBooks, Intuit automatically calculates payroll taxes and uses “E-Pay” to pay your taxes. They also instantly generate federal and state tax forms for you, use E-File for no additional cost. You will need QuickBooks™ 2008 or later to use Enhanced Assisted Payroll.

(Most Popular)

Instant paychecks

Free direct deposit

Automatic tax calculations

Federal and State tax forms completed for you

Click to electronically file and pay taxes

Run payroll online anytime, anywhere or in QuickBooks™

Reminders when taxes and forms are due

Free live support from payroll experts

Ability to print year-end W-2s

Pay employees and contractors

Run payroll from your iPad, iPhone or Android phone

Cost:

Billed Monthly: $28/month + $2 per employee

Billed Annually: $24/month + $2 per employee

Full Service Payroll

If you want to be hands-off with your company’s payroll so you can be hands-on your running your business, then Intuit Full Service is for you. You enter the hours, Intuit takes it from there.